Why you should buy a second home in Lisbon

Written by Engel & Völkers on 9/28/17

From above, the city of Lisbon is something to marvel at. Surrounded by seven great hills, the Portuguese capital is an enclave of historical gems and cultural charms. The enchanting city is attracting interest from buyers all over the world, and it's not difficult to see why.

Here we take a look at the appeal of Portugal's coastal centre to see why so many investors are considering purchasing a second home in Lisbon.

A city of contrasts

To see Lisbon's rich history, one needs to simply tour its buildings and eclectic mix of architecture styles. Gothic churches are bordered with picturesque blue azulejo tiles throughout the cobbled streets of this hillside city. In contrast, the recently constructed Museum of Art, Architecture and Technology adds a futuristic element to Lisbon's architectural array with its sweeping curves mirroring the water situated only metres from its front door, where it sits alongside the renovated Tejo Power Station.

However, Lisbon is more than just a relic for tourists to explore – its industrial hubs are very much alive. If you relish the diversity and contrast of modern Europe, a second home in Lisbon is the perfect fit.

A place to live

When purchasing real estate in the Portuguese capital, take time to scope out the different neighbourhoods in Lisbon. Some of the most desirable property opportunities can be found around the Avenida da Liberdade, which also lays claim to plenty of unique boutiques and designers scattered across the spacious boulevards. If you're looking for quieter and more exclusive neighbourhoods in Lisbon, browse the properties for sale in Chiado. Historic buildings are preserved yet renovated with incredible modern amenities, putting period features alongside cutting-edge contemporary design elements.

A Portuguese investment

Properties in Portugal have long been popular on the second home market. The warm climate, colourful local culture and stunning scenery all contribute towards the country's desirable image as a place to escape to, especially for anyone residing in its nearby European neighbours. What's more, purchasing a second home in Lisbon is a promising investment opportunity due to the healthy state of the city's housing market.

Athena Advisors stated that properties in Lisbon's prime locations soared in value by 22% in 2015, and another 30% in 2016. Figures like these will be capturing the attention of investors worldwide.

tend to also perform well in the rentals market. Lisbon's wealth of cultural attractions makes it an appealing place for visitors all year round, and the nearby Cascais beaches see the demand peak during the summer months.

The Portuguese capital has plenty to offer property investors. A second home in Lisbon provides a solid rental income and an attractive place to steal away on your holidays. With recent investment in the city, you could well expect to see an increase in the overall value of your property, as long as you make your purchase soon.